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PeerBasis
Compensation Comparability Determination

Fernclif Housing Development Fund

Executive Director / CEO

EIN 223183508
NY · NTEE L200
FY ending 2023-12-31
June 9, 2026

This analysis benchmarks the total compensation of Anna Mulcahy, Executive Director / CEO ($58,380) against every comparable organization that fit the selection criteria — 19 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 42nd percentile of comparable organizationswithin the typical range

Benchmarked executive: Anna Mulcahy — reported title “PRESIDENT”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

19 organizations qualified on sector, size, and geography 19 within the band form the benchmarked peer set.

Distribution of comparable compensation

$11,334 total compensation of comparable organizations → $175,264 $58,380
$22,33310th
$28,44325th
$60,217Median
$71,18775th
$174,73590th
$58,380This org · 42nd
p10$22,333
p25$28,443
p50$60,217
p75$71,187
p90$174,735
$58,380

Comparable organizations

Each figure is Form 990 Part VII columns D + F (reportable pay plus other compensation and benefits; column F may include amounts from related organizations), normalized to NY cost of living (BEA RPP, 2023) and to its filing year (CPI-U); the reported amount is on each linked 990.

OrganizationStateRevenueMatched titleComp
(reported)
Comp
(adjusted)
FY
385 Third Avenue Housing Development NY$166,146 Ceo $60,217 $60,217 2023
Bailey Holt House Housing Development NY$167,092 Member $29,779 $29,779 2023
Loretto Apartments At O'brien Road NY$171,702 Chairperson $27,907 $27,106 2024
East 54th Street Housing Development NY$149,704 Ceo $60,217 $60,217 2023
Niagara Village Housing Development Fund NY$177,900 Cfo $23,006 $23,006 2023
Ocl Properties Ix Inc NY$147,783 Chief Financial Officer $73,290 $71,187 2024
Ocl Properties Viii Inc NY$180,843 Chief Financial Officer $73,290 $71,187 2024
Ocl Properties Xi Inc NY$141,772 Chief Financial Officer $73,290 $71,187 2024
Vip Rjp Housing Development Fund NY$187,328 President/ceo $50,896 $50,896 2023
Phipps Affordable Housing Support Corp NY$122,719 President/ceo $180,441 $175,264 2024
Mental Retardation Community Services Of Nassau County-project NY$113,605 Chief Executive Officer $179,760 $174,603 2024
Share Xi Inc NY$113,510 Executive Director $70,564 $70,564 2023
Norfolk Housing Development Fund NY$215,841 Board Member $38,288 $38,288 2023
Acacia Real Estate Development Inc NY$218,550 President $101,830 $98,909 2024
Long Island Housing Partnership NY$223,347 President $58,483 $58,483 2023
Arlington Apartments Hdfc NY$231,219 Ceo $25,826 $25,085 2024
Rouse Housing Development Fund NY$231,274 Executive Director (To Dec 2023) $11,334 $11,334 2023
Los Sures 907 Driggs Avenue Hdfc NY$233,514 Executive Director $20,221 $19,641 2024
600 East 156th Street Housing NY$243,524 President/ceo $180,441 $175,264 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to NY cost of living and 2023 dollars. Click any organization to verify the figure on ProPublica.

Methodology

Comparable organizations were drawn from electronically filed IRS Form 990 returns and matched on sector (NTEE code), budget (a size-adaptive revenue band that tightens as the organization grows), and geography (same-state first, broadening only when too few peers qualify); every organization within the band forms the peer set. To compare fairly across regions and years, peer compensation is normalized to NY cost of living (BEA Regional Price Parities, 2023) and to the subject's filing year (CPI-U). The figure benchmarked is Form 990 Part VII, Section A, columns D + F — reportable pay plus other compensation, benefits, and deferred amounts (column F may include amounts from related organizations) — with the chief executive matched by role. Related-organization amounts (column E) and institutional trustees are excluded. Full methodology: peerbasis.org/methodology.

Sample, role match & sensitivity

Sensitivity — the subject's percentile under alternative compensation definitions:

BasisSubject percentile
Total compensation (D + F), cost-of-living + inflation adjusted — the PeerBasis default42nd
Total compensation (D + F), as reported (no adjustments)42nd
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted42nd

If the percentile moves materially across these definitions, the result is sensitive to methodology choices, and the board should weigh which basis best fits its facts.

Rebuttable presumption of reasonableness · 26 CFR 53.4958-6

Compensation paid by a tax-exempt organization is presumed reasonable — shifting the burden to the IRS — when three requirements are met. This report supplies the comparability data for the second. The board should record the following in its minutes concurrently with its decision:

Draft board minutes — executive compensation

  1. The compensation of the Executive Director / CEO (Anna Mulcahy) was approved in advance by [the Board / Compensation Committee], composed of members with no conflict of interest with respect to the arrangement.
  2. Prior to its determination, the authorized body obtained and relied upon appropriate comparability data, namely the PeerBasis Compensation Comparability Determination dated June 9, 2026, comparing compensation against 19 similarly situated organizations (Same NTEE sector (L20) + NY + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $58,380 is reasonable (approximately the 42nd percentile of comparable organizations) and documented the basis for this determination concurrently, on [date], by a vote of [__ for / __ against].

Sources: IRS Form 990 e-file data (apps.irs.gov); IRS Business Master File (NTEE classification). Every figure traces to an original public filing — click any organization above to verify it on ProPublica. PeerBasis is a service of Prismind Analytics; its methodology is published, was commissioned for independent adversarial review, and discloses its own limitations. This report is comparability data to support a board's good-faith determination under IRC 4958; it is not legal or tax advice. Generated by PeerBasis on June 9, 2026.